Property PM article 3 Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However, from a tax perspective, it may not always be clear-cut how any โprofitโ should be taxed โ is it a capital gain liable to capital gains tax or a trading profit […]
Property PM article 1 If you let a furnished property, it is very likely that you will need to replace domestic items from time to time. A specific relief provides tax relief for the cost of replacing certain domestic items. The relief does not extend to the initial purchase of the items. The relief is
General short article 5 As far as National Insurance was concerned, the 2022/23 tax year was a tricky one featuring in-year changes to the primary threshold and in-year changes to the Class 1, 1A, 1B and 4 rates. This resulted in some strange numbers, with average rates applying for the purposes of Class 1A, Class
๐๐๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ ๐จ๐ซ 2023/24 Read More ยป
General PM article 4 Changes to the corporation tax regime come into effect from 1 April 2023 โ the start of the financial year (FY) 2023. From that date there will no longer be a single rate of corporation tax; rather, the rate at which a company pays tax on its profits will depend on
